Altyngold Regulatory News (ALTN)

17 Oct 2011 07:00

Hambledon Mining plc

("Hambledon" or "Company")

Latest drilling results from Sekisovskoye underground project, Kazakhstan

Hambledon Mining Plc (AIM: HMB), the Kazakhstan gold mining and development company, continues to advance its underground drill programme to validate and expand the geological resources at Sekisovskoye and today reports the results of a further ten drill holes.

Key results during August and September 2011 are as follows:

Ten holes drilled Significant intersections include: Hole D49 - 5.3m at 3.79 g/t Au, Hole D49 - 9.7m at 4.49g/t Au, Hole D50 - 3m at 5.5 g/t Au, Hole D53 - 2m at 16.61 g/t Au, Hole D54 - 41m at 7.14 g/t Au, Hole D55 - 3m at 7.76 g/t Au,

To date, 57 drill holes have been completed over a total of 8,600 metres in the upper levels of the underground ore zones and the results are consistent and in many areas exceed the previous geological and mineral resource modeling.

The assays were carried out in the Altai Ken-Bayitu laboratory with independent verification to be undertaken by the Alex Stewart Group in Karabalta, Kyrgyzstan.

The Sekisovskoye deposit comprises approximately ten large mineralised zones intermingled with numerous narrow and sinuous mineralisation zones. The zones of mineralisation show wide variation in thickness from 0.35 metres to 30 metres, with a weighted average of 5.5 metres. The zones display a localised pinch and swell structure, with variable gold and silver content. The large average width makes for easier and lower cost mining.

The ore body to be mined in 2012 is ore body number 11 with a width of 10-30m, and an average grade of 5.5g/t Au. Recent drilling in Q3 has been centred around this mineralisation in preparation for mining in late Q4 2011.

The results of the drilling programme will provide the basis for the upgraded modeling of Sekisovskoye and for the excavation schedules and detailed mine engineering that is being undertaken by Golders Associates UK, and Canada. Upon completion of these studies late in 2011, Hambledon will be able to update its mineable reserve statement.

Good progress has been in made in advancing the underground excavation works with extraction on target to commence in late Q4 2011. The trial mining areas will be treated in a batch manner through the mineral process plant to confirm gold and silver grades. Geological and rock mass characterisation will also take place to ensure that the mining operation advances in tandem with the sound engineering knowledge guiding the development of the project. This will enable production schedules to benefit from the lowest possible operational costs.

Appendix 1 - Sekisovskoye 2011 - Drill result summary as of 12 October, hole 48 to hole 57.

?		HOLE		COORDINATES										DEPTH						GOLD MINERALIZATION_ore intervals
				X		Y		Z		AZI		DIP		drilled		core		total		FROM		TO		LENGTH		AA-AKB LAB, AU, g/t
48		D87.1		7436.231		6807.634		326.0643		46		-14		52.5		52.5		52.5		9		10		1		1.1
																				27		28		1		1.58
																				31		32		1		1
49		D87		7433.685		6804.913		325.1229		226		-61		199.3		199.3		199.3		6		7		1		4.24
																				12		13		1		1.6
																				24		25		1		2.52
																				33		34		1		2.74
																				38		39		1		1.07
																				58		59		1		1.66
																				91		92		1		2.1
																				104		109.3		5.3		3.79
																				120		121.6		1.6		1
																				132.3		142		9.7		4.49
																				151		156		5		0.91
																				170		171		1		1.4
																				175		176		1		2.96
																				179		180		1		1.52
																				186		187		1		1.16
50		D88		7433.145		6804.768		325.3859		226		-48		141.8		141.8		141.8		70		71		1		1.96
																				79		82		3		5.5
																				102		103		1		3.46
																				112		113		1		1.06
																				127		128.2		1.2		6.04
51		D98		7346.9		6668.644		326.108		226		-62		180		180		180		7		8		1		1.4
																				13		14		1		1.04
																				64		73		9		1.78
																				89		90		1		1.02
																				94		95		1		2.66
																				113		123		10		3.31
																				162		163		1		1.79
52		D100		7346.786		6668.584		326.312		225		-49.4		156		156		156		22		23		1		1.58
																				32		33		1		7.76
																				55		59		4		1.23
																				64		68		4		1.13
																				75		77		2		1.69
																				107		111		4		2.04
53		D97		7394.217		6710.744		326.022		229.2		-40		96		96		96		4		8		4		3.5
																				13		14		1		5.91
																				20		23		3		2.74
																				28		30		2		16.61
																				45		48		3		2.4
																				65		66		1		1.14
																				81		82.3		1.3		1.1
																				87.8		89		1.2		1.48
																				93		94		1		1.68
54		D70		7298.231		6787.521		326.014		233.2		-82.1		175.6		175.6		175.6		24		25		1		4.42
																				34		35		1		2.06
																				112		114		2		1.76
																				130		171		41		7.14
55		D72		7298.059		6787.372		326.203		228		-61.6		131.8		131.8		131.8		19		20		1		1.66
																				46		49		3		7.76
																				68		69		1		3.5
																				84		85		1		2.28
																				102		114		12		1.64
56		D79		7317.806		6746.829		326.2649		232		-83		152.5		152.5		152.5		6		8		2		3.06
																				32		33		1		2.62
																				41		42		1		1.5
57		D80		7317.4		6746.467		326.36		227		-58		175.5		175.5		175.5		22		23		1		2.24
																				33		34		1		2.34
																				93		94		1		1.13

Qualified Person

Information in this report relating to the exploration results is based on data reviewed by Timothy Daffern, BEng, MBA, FIMMM, FAusIMM, MCIM, CEng, Chartered Mining Engineer, Chief Executive Officer of Hambledon Mining plc. Timothy Daffern has in excess of 22 years' experience in mineral project development and evaluation including exploration and is a Qualified Person under the AIM Rules.

ENQUIRIES:

HAMBLEDON MINING:Telephone +44 (0)207 233 1462Charles Zorab

FAIRFAX I.S. PLC (NOMAD AND BROKER):Telephone +44 (0)207 598 5368Ewan Leggat/Katy Birkin

TAVISTOCK COMMUNICATIONS:Telephone +44 (0)207 920 3150Ed Portman/Jos Simson

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